
\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}



\begin{table}[htbp]
   \caption{Event study}
   \centering
   \begin{tabular}{lcccccc}
      \tabularnewline \midrule \midrule
                                        & SPD                    & FDP                     & Gruene                  & Linke                   & CDUCSU                  & Far-right\\  
                                        & (1)                    & (2)                     & (3)                     & (4)                     & (5)                     & (6)\\  
      Brown job $\times$ Year $=$ 2011  & 0.016                  & -0.0008                 & 0.014                   & 0.004                   & -0.008                  & -0.017\\   
                                        & (0.022)                & (0.011)                 & (0.017)                 & (0.016)                 & (0.023)                 & (0.015)\\   
      Brown job $\times$ Year $=$ 2012  & 0.0002                 & -0.007                  & 0.018                   & -0.015                  & 0.006                   & 0.002\\   
                                        & (0.019)                & (0.008)                 & (0.014)                 & (0.015)                 & (0.015)                 & (0.013)\\   
      Brown job $\times$ Year $=$ 2013  & 0.017                  & -0.002                  & 0.012                   & -0.017                  & -0.002                  & 0.002\\   
                                        & (0.021)                & (0.004)                 & (0.017)                 & (0.014)                 & (0.019)                 & (0.012)\\   
      Brown job $\times$ Year $=$ 2014  & 0.021                  & 0.008                   & 0.001                   & 0.013                   & -0.026                  & -0.004\\   
                                        & (0.018)                & (0.004)                 & (0.011)                 & (0.012)                 & (0.017)                 & (0.011)\\   
      Brown job $\times$ Year $=$ 2016  & -0.010                 & -0.0005                 & -0.020                  & -0.017                  & 0.025                   & 0.025\\   
                                        & (0.018)                & (0.007)                 & (0.013)                 & (0.012)                 & (0.018)                 & (0.014)\\   
      Brown job $\times$ Year $=$ 2017  & -0.004                 & -0.011                  & 0.015                   & -0.024                  & -0.025                  & 0.043$^{**}$\\   
                                        & (0.018)                & (0.007)                 & (0.011)                 & (0.013)                 & (0.016)                 & (0.016)\\   
      Brown job $\times$ Year $=$ 2018  & -0.023                 & -0.024$^{***}$          & -0.010                  & -0.011                  & 0.006                   & 0.054$^{**}$\\   
                                        & (0.020)                & (0.006)                 & (0.014)                 & (0.015)                 & (0.021)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2019  & 0.051$^{**}$           & -0.009                  & -0.033$^{*}$            & -0.050$^{**}$           & -0.007                  & 0.048$^{**}$\\   
                                        & (0.019)                & (0.007)                 & (0.013)                 & (0.016)                 & (0.017)                 & (0.017)\\   
      Brown job $\times$ Year $=$ 2020  & -0.023                 & -0.003                  & -0.018                  & -0.030                  & 0.010                   & 0.036$^{*}$\\   
                                        & (0.025)                & (0.013)                 & (0.017)                 & (0.017)                 & (0.026)                 & (0.018)\\   
      Brown job $\times$ Year $=$ 2021  & -0.031                 & -0.009                  & -0.025                  & -0.015                  & 0.002                   & 0.035$^{*}$\\   
                                        & (0.032)                & (0.013)                 & (0.022)                 & (0.017)                 & (0.032)                 & (0.014)\\   
      Age                               & -0.0008                & 0.009                   & 0.010                   & -0.003                  & 0.009                   & 0.003\\   
                                        & (0.026)                & (0.020)                 & (0.029)                 & (0.007)                 & (0.026)                 & (0.012)\\   
      Monthly income                    & $-8.23\times 10^{-7}$  & $-1.1\times 10^{-6}$    & $1.44\times 10^{-6}$    & $3.31\times 10^{-7}$    & $5.84\times 10^{-7}$    & $-4.17\times 10^{-7}$\\    
                                        & ($6.1\times 10^{-7}$)  & ($9.54\times 10^{-7}$)  & ($8.64\times 10^{-7}$)  & ($4.31\times 10^{-7}$)  & ($1.05\times 10^{-6}$)  & ($3.2\times 10^{-7}$)\\    
      ISCED 1                           & 0.013                  & 0.014                   & 0.070                   & 0.460                   & -0.045                  & -0.004\\   
                                        & (0.072)                & (0.039)                 & (0.078)                 & (0.358)                 & (0.056)                 & (0.022)\\   
      ISCED 2                           & 0.062                  & 0.019                   & 0.008                   & -0.043                  & -0.001                  & -0.052\\   
                                        & (0.080)                & (0.040)                 & (0.084)                 & (0.044)                 & (0.064)                 & (0.034)\\   
      ISCED 3                           & 0.058                  & 0.014                   & 0.023                   & -0.042                  & -0.026                  & -0.015\\   
                                        & (0.071)                & (0.038)                 & (0.077)                 & (0.042)                 & (0.054)                 & (0.020)\\   
      ISCED 4                           & 0.083                  & 0.009                   & 0.011                   & -0.001                  & -0.073                  & -0.003\\   
                                        & (0.076)                & (0.039)                 & (0.082)                 & (0.044)                 & (0.056)                 & (0.022)\\   
      ISCED 5                           & 0.041                  & 0.043                   & 0.043                   & -0.025                  & -0.090                  & -0.020\\   
                                        & (0.075)                & (0.050)                 & (0.080)                 & (0.047)                 & (0.070)                 & (0.036)\\   
      ISCED 6                           & 0.058                  & 0.027                   & 0.036                   & -0.014                  & -0.045                  & -0.026\\   
                                        & (0.073)                & (0.041)                 & (0.079)                 & (0.044)                 & (0.057)                 & (0.020)\\   
      ISEI                              & 0.005                  & -0.0006                 & -0.003                  & 0.0004                  & -0.002                  & 0.0006\\   
                                        & (0.003)                & (0.002)                 & (0.003)                 & (0.002)                 & (0.003)                 & (0.002)\\   
      Worried: migration                & 0.0009                 & -0.0008                 & -0.008$^{***}$          & -0.003$^{*}$            & 0.001                   & 0.008$^{***}$\\   
                                        & (0.002)                & (0.001)                 & (0.002)                 & (0.001)                 & (0.003)                 & (0.001)\\   
      Covariates                        & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Individual FE                     & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      Year FE                           & Yes                    & Yes                     & Yes                     & Yes                     & Yes                     & Yes\\  
      R$^2$                             & 0.862                  & 0.791                   & 0.856                   & 0.848                   & 0.898                   & 0.838\\  
      Observations                      & 55,168                 & 55,168                  & 55,168                  & 55,168                  & 55,168                  & 55,168\\  
      \midrule \midrule
      \multicolumn{7}{l}{\emph{Clustered (Individual) standard-errors in parentheses}}\\
      \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.001, **: 0.01, *: 0.05}}\\
   \end{tabular}
\end{table}


